GR Infraprojects inches up on receiving LoA worth Rs 364.87 crore

The company has received LoA for Construction of Elevated Structures

GR Infraprojects is currently trading at Rs. 1742.10, up by 9.75 points or 0.56% from its previous closing of Rs. 1732.35 on the BSE.

The scrip opened at Rs. 1742.35 and has touched a high and low of Rs. 1764.50 and Rs. 1740.10 respectively. So far 3342 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1838.80 on 19-Jul-2021 and a 52 week low of Rs. 1550.00 on 19-Jul-2021.

Last one week high and low of the scrip stood at Rs. 1778.95 and Rs. 1710.60 respectively. The current market cap of the company is Rs. 16749.92 crore.

The promoters holding in the company stood at 86.54%, while Non-Institutions held 13.46% stake in the company.

G R Infraprojects has received Letter of Acceptance (LoA) for Construction of Elevated Structures (Viaduct & stations) of length 7.50Km from Gottigere to Swagath Road Cross (Chainage 00.00m to 7501.818m) including Kothnur Depot entry line, Road widening & allied works and 5 Numbers of Metro Stations viz, Gottigere, Hulimavu, IIMB, JP Nagar 4th Phase, Swagath Road Cross in Reach-6 line of Bangalore Metro Rail Project, Phase - 2 (Balance Works). The contract value is Rs 364.87 crore and completion period is 21 months from signing of contract agreement.

G R Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.